2014 Women of Influence: Angela Watson

ANGELA E. WATSON’S two-year tenure at CrossCheck Compliance has yielded impressive growth in revenue and profit, as well as innovation and product development. Watson has led the Texas office team’s growth, resulting in tripled revenue and profit.

“Angela is a born leader,” a spokesperson for CrossCheck said. “She is continually looking for creative ways to develop strategic business partnerships to advance company growth and address the needs of the market.”

Watson led the launch of three new products for the mortgage industry focusing on compliance risk and compliance cost management. She also created a marketing platform for the corporate office, which was subsequently adopted company-wide.Watson’s path to leadership began when in college, where she was a leadership development coordinator, then continued as an outdoor experiential education corporate facilitator.

After joining the mortgage industry, she has contributed in multiple team lead and senior roles at Thornburg Mortgage, Bank of America and Fannie Mae. As a servicing consultant at Fannie Mae, Watson consulted with servicers on Fannie Mae Servicing guidelines, with a specific focus on delinquency management, loan servicing and loss mitigation, including the Home Affordable Modification Program (HAMP). She played a key role in the development of servicing repurchases and compensatory fees program at Fannie Mae for a total collections amount of over $62 million.

Watson served as CrossCheck’s South U.S. leader for mortgage services sales, business development marketing and business partnerships. Watson also served as an expert witness for a HAMP class-action litigation in 2013, defending one of the largest banks in the country and speaking on behalf of the mortgage servicing industry.

Watson is a board member for the Dallas and Fort Worth local Mortgage Bankers Associations, assisting with membership and sponsorship.

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This month inHousingWire magazine

Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.

Feature

The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?

Commentary

The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.